Sunday, May 17, 2009

3G service in Mumbai, India

Just read an interview from the Mahanagar telecom
Nigam Limited (MTNL) chief about launching a 3G
service in Mumbai and Delhi. Details are not available
as of now. The company is also not discussing possible
avenues for generating revenue for the spectrum
and the towers. Some discussion is bound to issue
with the sharing of cell towers but nothing beyond
that. The chief even fails to quantify a possible time
in the future (1yr+) when they will possibly break
even. This is even when they are hoping to rope
in 1 Lakh subscribers@ Rs1000/mo.

Interesting to know about this development.
It will be nice to see how this affects the share price
in the BSE (bombay stock exchange).


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